MUSWELL HILL UNITED REFORMED CHURCH CHARITY FINANCIAL STATEMENTS From I" JANUARY 2025 TO 31st DECEMBER 2025 (Charity No: 1142465) MUSWELL HILL UNtTED REFORMED CHURCH CHARITY coNTE￿rS of the FINANCIAL STATEMEMrs FOR YEAR ENDED 31° DECEMBER 2025 Pages Elders. and Trustees, Annual Report Ito3 Statement of Financial Activities Balance Sheet Notes to the Financlal statements 6tolO Treasurerfs Statement 11 Independent Examinerfs Report li MUSWELL HILL UNITED REFORMED CHURCH CHARITY (www.muswellhillurc.org.uk) Annual Report and Accounts for year ended 31 De￿rnber 2025 Muswell Hlll United Refornied Church Charity Is registered charity number 1142465 United Reformed Church I, Objectives The objective of the Charity is the advan￿ment of the Christian faith for the benefit of its member5 and the public in accordance with the Basis of Union of the United Reformed Church. The Charity provides regular public worship for all, promoting the Christian faith and teaching the faith to all ages,. it provides support and development for children and young people. In addition. the charity provides service5 for baptism and membership, weddings and funera15. It a150 seples the community. giving pastoral care and support to members and others in need. particularly those who are bereaved, or in sickness, distress, or povertv. We offer accessible space for local community use. Communitygroups rent a varietyof rooms Isome with tea bar facilities), as well as an activities hall, a café space for regular activlties or one-off special events. 2. Actlv7tles Sunday Worship takes pla￿ In our Chapel on Sunday mornings, with special servI￿S In the Upper Room. Eucharlst15 held monthly with an open table policy; thls has been presided over by one of the members of the Worship Team. We also hold regular, more informal Cafe Church services in our café area. We provide special focus service5 at Easter and Chrlstmas to celebrate these significant Christian festivals. On occasions we share worshlp ecumenkally with the local Methodist Church or with other local church denominations together. A weekly community café runs all day on Wednesday and Thursday. WAVE Hub IWe'reAII Volued Equally) is a local community group with a Christlan ethos that has a special, but not excluslve, focus on young people with learning difficulties and challenges. WAVE Hub a150 uses our premises for other activities. We ore pleased to be working towards a long-term partnership with this group. 3. Achlevements and Performan¢e The mission of The United Reformed Church @ Muswell Hill is to offer all-inclusive worship, to witness and serve a5 a body of Chrtstlans workln8 together In Muswell Hill. We also aim t0 serve Individually in our local communities and pla￿$ of work. This we endeavour to do through: Worshipping God in our daily livin& and together as a gathered community on Sunday mornings. Reaching out to share the gospel message of Jesus Christ with those we meet. Providing a welcoming and hospitable place of worship for all. Providing an opportunity for all people to learn about the Christian faith. Providing hospitality. lunches and social events, and support to community groups in our building. We pray that with God'5 help and guidance we will be able to Share and witne5$ to all these things and develop a deeper spiritual awareness of the Christian faith in the Reformed Tradition. We wlll continue to share the Christian messa8e with other people in the hope that they too may come to know the love of God and serve our Lord Jesus Christ as disciples. A tangible example of this sharing and witnessing to all is shown by the installation in 2023 of a defibrillator prominently sited on the outside wall of the church building. This is used when needed. with each use beinE recorded. 4. Plans for the Future Sadly Pat Stannard died in June and Helen Ogden resigned as an Elder at the end of December. Pat had been a stalwart of the Church being Safeguarding Officer and Magazine Editor including taking services on a regular basis, she is very much mlssed. Mick Pouncetvs health has deteriorated and is now in a Nursing Home and unable to carry out his duties as Assistsnt Treasurer. These losses have been too much to absorb and with dwindling numbers attending Sunday Services Church Meeting voted In November to close on the 31st May2026. 5. Financlal Revlew The financial statements show the consolidated income. expendlture. assets and liabilities of the charity. We are pleased to report that the Lettings income 15 increasin8 as people 8aiD more confidence in community activities after the pandemic. We have had to rely on liquidating some of our Investments and takin8 loans from the Synod to maintsln our cash flow. We very muth appreciate the Grants Synod gave us to deal with the maSor Dry Rot outbreak; the work bein8 completed by the end of the year. The Manse Tenancy Agreement was renewed for a further 2 years In July. and the income considerably improves our cash flow. 6. Introduction to Flnan¢lal Statements The accounts are presented in a format that follows the requirements of the accountlng regulations introduced by the Statement of Recommended Practice 2CK)5 for Charlties with an annual Income of less than £250,OC4) and interpreted, as approved. for religious orders. Pages 1-3-Trustees Annual Report These pages contaln the annual report of the Trustees, which cover the following aspects: Adminlstratlon, Organisation Strurture. Objectives, Achievements and Financial Review. Page 4- Statement of Flnanclal ActivitieslGeneral Funds This statement is a receipts and payments account and combines all of the Church'5 funds together. It shows separate columns for the General Funds, Designated Funds and Restricted Funds. all of which are shown in detail on the subsequent pages. The General Fund represents the funds that can be used for any purpose wlthout re5trlrtion. 2020 income and expenditure Is compared with that for the previous year. Page 5- Balance Sheet This page shows the Church's assets and liabilities. The "tangible fixed assets" comprising the church, the manse and tennis courts, being vested in the United Reformed Church Thames North Trust as trustee, are not capitalised into the accounts. Page 7-10- Notes to the Accounts These notes provide technical information about the basis of preparation of the accounts. Pages 9- Designated Funds and Restricted Funds Restricted Funds are those that can only be used for the purpose specified at the time the fund5 were received. They include the Communion Fund (set aside for donating to local charities). URC Commitment for Life fund etc. Page 11- Report by the Independent Examiner This Independent Examination of the accounts is a requirement of the Charities Act 2011. Whilst less comprehensive than an audit, it is designed to be suitable for an organi5ation of the Church's type and size. 7. Structure, Governance and Management The Elders are chaired by Margaret Lion. We currently have 5 serving Elders who are the Trustees of the Charity and have oversight of running the charity- In addition, the Finart￿ and Fabric Committee and the World Church Committee support them. The Finance and Fabric commlttee Icomprlsing the Trustees and 2 church members. including Treasurer) manages our estate. the Church, the Manse and the Tennis Court site. In addition to this we employ an Administrator to manage the hiring of our facilities, which includes raising Hiring A8reements and appropriate safeguarding and H&S paperwork for hirers, oversight of the day-to-day housekeeping issues, as well as general adminlstrative work for the thurch, i.e. printing service sheets, updating policies, posters and production of our regular newsletter. 8. Reference and Admlnlstration Detalls Muswell Hlll URC, Queens Avenue, London NIO 3NU Chair of Elders Margaret Lion Administrator Sarah Raine-Dunk Adrian Stannard VACANT 18natius Adu mar aretlion hotmail.co.uk mhurctetherdown mail.com fflhurctrea5u￿r mail.com 020 8442 0386 Treasurer Safe8uarding Officer Health & Safety Offlcer adub om em ol.com TRUSTEES MIN15TER'. VACANT Ignatius Adu, Meryl Harries, Sylvia Mannerin& Adrian Stannard A tansible example of this sharing and witnesslng to all is shown by the installatlon in 2023 of a defibrillator prominently sited on the outside wall of the church building. This is used when needed, each use being recorded. ELDERS: Margaret ￿On, MUSWELL HILL IJNITED REFORMED CHI]RCH CHARrrY STATEMENf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025 UDrestric¢ed FuDd8 IYot¢ General Designated Restricted Fwnds 2025 2024 INCOMING RESOURCES In¢oming resources from genernted funds: Volwitary ineome Activities (or generating funds Investment income Total Incoming resources 12.074 77,006 346 785 12.859 77.666 346 90.870 18,154 66,462 682 85.297 785 RESOURCES EXPENDED Lharitable activities: URC Ministry & Mission Fund Ministerial costs Costs of chur¢h activities Restri¢t¢d donations p&%sed on Tot41 resour¢¢s expetsded 30.552 15,156 56.083 30.552 15.156 56.083 530 102321 25,920 15.294 82,211 1,697 125 122 12 530 530 101791 Net IDeomln81(ouigolng) regource8 before other recognis¢d g*lThs •Dd losses {11,705} 255 (11,451) {39..825) GalDS1(lo$ses} oll Investm¢nt *s*ts 842 2,103 Net deereA5e In funds for the yur (12,547) 255 (12.292) (37,723) Total funds at beglnniDg of year (21.612) (21,612) 16.110 Total funds at end ofyear 34,158 255 33.904 The notes on pa8¢s 6 to 10 forni part of these fin￿la1 statements MUSWELL HILL UNITED REFORMED CHURCH CHARITY BALANCE SHEET AS AT JI DECEMBER 2025 U•rts¢tieted Fynds C¢Dcral Rtstricttd Fun Totsl 2025 Total 2024 Nots FIXED A&SETS Investments 37,813 37.813 38,654 CURRENT ASSETS Debtors & prepaym¢nts Bank and cash balances io 4.621 16,841 4.621 17,095 3.537 29.084 32.621 255 255 CURREt+rr LIABILITIES Creditors payable withsn one 93,433 93,433 92.888 NET CURRENT LIABILITIES (71,971) 255 (71.717) (60266) TOTAL NET A&SETS 34.159 255 33,904 21.612 THE FUNDS OF THE CHARITY In¢ome Funds: G¢neral Lk5igmated Restricted Income Funds (From SOFA) (34.158) (34.158) (21.612) 255 255 255 33,904 TOTAL 14 34,158 21.612 APPROVED by the Church Meeting held L and Si￿ed on its behalf by the Chair The note5 on pages 6 to 10 forni part of these fu￿￿181 S￿eM MUSWELL HILL UNITED REFORMED CHURCH CHARITY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ACCOUNTING POLICIES Basi5 of Ac¢outttiDg The fiTwILial ytatetnents h8ve becn prepared under ihe Ch&Tities Ad 2011 ar¥J comply with the Staiemcnt of R￿MMended Prxtirx SORP (FRS102. prcviously SOIIP 2(K)S) also guidance i&8ued by the Charity CorDmissi¢x4 and the United Reformcd ChuTdL The accrua15 b&8is of a¢¢ouniing h&$ and thr principal aw{Mu￿B P)Ii¢i $et out b¢low are applied consistendy. Ib Fund Ac¢ounting Apart from the ￿tricted fLmds referrcd ￿ ixlow. all (Ah¢r funds are available for use at the discTeuon of thc ihurch in tijrtherance of its ¢haritabl¢ objeclive& Thi$ includes the genernl ond de$i8naied fund5. Rcstricted funds comprise w51¢ctions madc throu8lw)ui the ycar for oursid¢ wses and arc noi at tl dispwj ofthe Chur¢h m￿)￿8 for any 0￿r puryo 1¢ Tgngiblt Fixed Assets Freehold proyerty.. The Try￿te5 of the chuT¢h and mans¢ buildin8s is the irftc Thame5 North syn￿ TrLisI who hold them w81 for ¢onnecied with Muswell Hill URQ Expenditure incurred on the church and marne 1$ writtcn off in thc y¢•r li t$ in¢urr Eqyipmenl: Expcnditwe on equipm￿￿ is written off the yw it is incurred In¥tstmen¢ *$sets: Thes¢ are s¢aied Dt Mid.ma￿¢t values ob) the bthnc¢ shed d￿t. Ch•n8es in valuation ovtT th¢ ye8r arc TeCO8nised in the St8wneTrtof FinanGial Adivities. Id In¢omio8 Resour¢ All voluntary givirt8 and Church furthisinge¥¢nts & ￿1VIll¢S are inclth in the fina￿1￿ st8*menls for Ihc p¢riul in which it LS TCttlVCd. lThc associated M Tecovery for dOn￿lOn1 uTrJer Gift Aid is reeorthd in the ac¢tAUliing year th¢ relev¥mi yw ¢nd oeeurs for ihe donati¢)n. Ix8ucic$ ar¢ llccounwd for whert thcir r¢c¢iN 1$ c#tsin and C•￿ bE woperly qu&niifiaL All other in¢om¢ is gcThcrally reco￿lSed wh¢n it is reeeivabld Resources Eipe*ded 'lThe URC Minisiry & Mission Fund conthbuiion is ￿bd rtgularly is irt¢lutsl in the fm*rt¢ial sthicments (or ihc year 10 which il relalcs. R¢$ovrccs trxpend¢d rcco8nis¢d in the wiod ff> which fv #rc irKurrEd 8nd includr attributable VA"r whith ￿9n[￿l be recoVe￿d. 'II*y are a]k*a￿d ￿ thc pthicular auiviiy ￿ which th¢y rclat¢. As most of the mana8rmeni and activity ofthe chur¢h is carried oui by voluoLeers. thi$ intsngiblr cosl 15 noi included in th¢ fJnan¢iJl statem¢Thts 85 this yolunw ￿trIE￿AlOn ￿ the lif¢ of thc thurch is in¢•lculabl Ir 'I'he ¢hur¢h is Te8L51¢r¢d as # charity und¢r the t￿m$ of the Charitie5 Aci 2(KA5 (No 1142465). Ar¢ordingly il is ￿l¢nI￿allY exthipt from Wion in rc5wi of itKome 8t￿ capithl gaitLS rc¢eivcd 10 the rxient that $u¢h inwme or gain5 arc applied ￿ exclusively Charl￿ble purtM)sth No pn)vi5ion for i&xation has ixen Tr￿1¢ in th￿¢ fit)ancial stytemats. P40TES TO THE FP4ANCL4L STATEMEMS FOR TH£ ITAR ENDED 31 DECEMBER 20ts. ¢otydnutd Uxrestritttd F••d* Geutrnl Rtstritied Fu•ds 2025 2024 VOL,LUNTARY NCOME Fteewll otYeTiD 8,858 1,643 8.W.¢XI 8.(hS.IXI 1,392.80 3295. 784.fA) Donaiions In¢om¢ undey Gift 3.195.(Kl 2.415 50 105 rrf) 111174.?• 105.(K) 12.858.811 784.6• AcrtVlTIES FOR GENERATtNG FtFNDS Ren1S-'I.¢nn￿ Club LetUll85 MANSE Rthtai I.IKK>.CK) 33,765.57 42.9(M). *S7 o.i#J o.fyj i.ow.00 33.765.57 42.900.00 77 G65.57 23.462 42.0()O 66.462 JNVTr..STM￿.NT tNC.OM Divid¢ryds o. o.Ix) 0.00 34J 99 345.99 345 99 %99 675 082 MINISTRY & MISSION FUND Thc chur¢h ¢ontribwttS ¢¢ntrai URC costs oftrniniTh8*lld rKoviduyminisfrr5 lirKluduii ihe certhltstyj orsLI￿nds. rKnsiN 4￿j LNh¢Tbth*fi¢s for rnthnin8￿Ko¢￿￿￿ln￿I0n. th¢ widcr Tnission ofthe nDilo￿L ¢hur¢h. Thiq Dnnwl W amounts io Q5thillioD, 9￿of rela￿$ ￿ mu)Js¢¢F ¢osis. and 9(PA is ibroush the MI￿lti￿ rtm¢hurclw. 2024 25,920 AmouniPaid th2025 Rt5ttl¢i¢ 2025 2024 GtDoral MIINIS'I k.RtAI. Cos'ts MBnst mbinienonce Mans¢ in5urAnc¢ Vi$itltt8 minisrc Manx Rentsl C¢XI 2.988.61 970. 4.470. 6.726.48 15.155 o.&) o.ts) 2.988.61 970.60 4,470. 6.726 48 15,155.69 2,589 907 4,3ty) 7.498 N(YfESYOThE FINANCIALSTATEMEKts 2024 lJ*Yutritltd 7 COSfSOF CHURCH AcnvrrILS 8528.70 .675.38 5x047 752.68 o.(M) 11.467.56 7.847.95 10.IOB.06 4&940JO 9.439 om Ih75.38 5.5&).47 752.68 0.0) RubbishCOl￿￿i W*eTTai¢s o.fy) 708 o.( o.oj 11.467.56 7.847 95 10 108.IkS 38.940 6.825 Cie8niDÈ Gw arvj Eirytsi¢ily-Chur¢ o.(x) o. 642.33 1275 91 520 PrinLlnS. swiow Tel¢pW￿L￿￿b￿ 642.33 1275.91 11261 176 1.8(K) o.(M) (th exF¢n¥ts (*g8n￿ P￿TUN￿￿(+rwp1￿I o. o.Tr) o. 4￿50, 700.(K) 712.08 189.00 2.4(K)IK) 4.544) 4.OYI. RXTr.(KJ 712.68 189. L4Q). 60. &111.6 o.(KJ o. o. o.Tr) 682 148 2,100 ccu F¥$ o. COST OFCIIIJRCU ACTIVITIFS OA 5&WJ4 TANCIIII.F. FIXFD A￿rn Forthe r b 145 Balan¢e browghl fonvwd l I￿2023 ArnDVnty Rlytd in 2025 Ttyal 10 b¢ Di8tritro]ttsl Di$tyiblltH)ns &B￿d ￿ 2025 219. Il7.57 220 (M) 10143 420.00 521.43 310. 211.43 784 60 714.60 530.00 b Th¢ 2025 *5 ftyuow Dlyiribulkn cl1￿1￿￿￿sepk{nbcrerf￿N to cle4r¢dhfveeTrkloJ Ark Ckniid¥¢DO Ht*pi¢¢ £155 £155 NOTES TO THE FINANc￿L STATEMEhTS Fok THE YEAR ENDED JI DECEMBER 2025- to•ti••ed 13 URC IIIAMES NORTH TRusf LOAKS FT¢ehold OwNrr5hlp URCTHAMLS NORIIITRUST Compmiies Rry: 7S432 Cbirity Rtt: 10225S1 The freehold of the Church bJiidiD& MaD5e aDd thtTcDDi5 Site Isouik*rn R￿￿>are04￿￿d bythe URC I]wne5 Nihth T￿￿1 (TKD PropErty Lo*¥ A LOUD Was needd tocithpkk the red¢vettyllKDI I￿￿￿the¢h￿th. This byth¢TNT OD tt*22TrlAllpt 2019. It wag 8r3n*d on theF45is li wtsujd bxk fmtht tsf sthofthe T¢wii5Si*. The Property Lw ￿ ￿3% fcff L12A825 10 Amount OWin8 wcludw8 iDl¢rts¢ 8131* E*¢mt*2025 374,IAM) Miiislry *¥d IM&M)- LM M&M Fund uJcd lo fund Ihc attivocs of th¢URC r•ytht ￿l￿￿j$0f￿* URC Millistt¥S iDd fund tht URC Missi￿. It is eoJte¢¢tyJ the USiDS ￿8￿NbM tskiD8 ¥rtttsof4 chwch's fu￿claI $ilu*iioD. Ihe Cmryd epid¢mK TNTotrtred io•Ms *a5si* ¥Jith¢bw¢h¢•th lknv. The lom5 rAythlE withth 5)r4rs * #ro 1￿CT¢￿. 15th April 202 7th July 2020 JO359 8.259 18 Amount owini int¢r*s¢ ￿ 31# Dx#wbtr2025 OYcrdrAtt th¢ ¢f the Ténnis site IMn w•5 TNfw¥]MD•4ewwh flow thB pr(￿￿dI AvailDbl¢ to MHURC. A 3yrOv¢rdr4ft li £JOk 113% ￿Mrr￿ ￿ ljtNov¢mt¢r 2021 with a Thonlhly paynMiof£2(K> i dr*wthwTr Is the full b•$ D(rt bt¢D ¥x4. An￿ owin8 irKlw1i￿I ￿*[151 at Jlst D¢¢¢mtu2025 FUNDS OF TIIK CHARITY 'Ibt 2025 O¢nErnI, D£si*J •nd Restrthj b¢low. 2•24 Gtneral F￿￿5 Ik8i8nated Funds R¢strithd Fundg (34,1581 (21h121 2SS 133.YMI 121ffj12 io FINANCIAL STATEMENfs YEAR ENDED 31 DECEMBER 2025 ThEASURER'S sfATKMENf I have prcp8r¢d the fiD3llci21 statem￿￿{￿p#S